Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
|
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
|
QUANTUM CORP /DE/ (Name of Issuer) |
Common Stock, par value $0.01 per share (Title of Class of Securities) |
747906501 (CUSIP Number) |
Pacific Investment Mgmt Co LLC Attn: Zephram Yowell Sr VP, Sr Counsel, 650 Newport Center Drive Newport Beach, CA, 92660 (949) 720-6000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
01/03/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
|
| CUSIP No. | 747906501 |
| 1 |
Name of reporting person
Pacific Investment Management Company LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
| ||||||||
| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
| 6 | Citizenship or place of organization
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 11 | Aggregate amount beneficially owned by each reporting person
962,127.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
| 13 | Percent of class represented by amount in Row (11)
16.7 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IA, OO |
Comment for Type of Reporting Person:
(1)On January 3, 2025, the reporting person exercised (a) a warrant to purchase 114,155 shares of common stock par value $0.01 per share (the "Common Stock") of Quantum Corporation (the "Issuer" or the "Company") (CIK: 0000709283) for $54.20 a share, (b) a warrant to purchase 219,970 shares of Common Stock for $26.00 a share, (c) a warrant to purchase 63,435 shares of Common Stock for $6.20 a share, (d) a warrant to purchase 37,536 shares of Common Stock for $6.20 a share, (e) a warrant to purchase 18,750 shares of Common Stock for $6.20 a share, and (f) a warrant to purchase 224,059 shares of Common Stock for $6.20 a share. The reporting person paid the exercise price for each of these warrants on a cashless basis, resulting in the Company withholding an aggregate of 228,195 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 449,710 shares. For more information on the warrants that were exercised on January 3, 2025, please refer to the Form 8-Ks filed by the Issuer on December 28, 2018, June 17, 2020, June 6, 2023, May 29, 2024, July 12, 2024, and August 15, 2024. The securities are held by certain funds and accounts for which the reporting person serves as investment manager, advisor or sub-advisor, including (i) OC II FIE V LP, which holds 289,620 shares of Common Stock and (ii) OC III LVS XL LP, which holds 672,507 shares of Common Stock. The reporting person disclaims beneficial ownership in the reported securities, except to the extent of its pecuniary interest therein.(2)The num
ber of shares outstanding for purposes of this percentage calculation assumes 5,756,735 outstanding shares of Common Stock as of January 6, 2025 according to information provided by the Company to the reporting person.
SCHEDULE 13D
|
| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Common Stock, par value $0.01 per share | |
| (b) | Name of Issuer:
QUANTUM CORP /DE/ | |
| (c) | Address of Issuer's Principal Executive Offices:
224 AIRPORT PARKWAY, SUITE 550, SAN JOSE,
CALIFORNIA
, 95110. | |
Item 1 Comment:
This Amendment No. 7 to Schedule 13D (this "Amendment No. 7") amends and supplements the statement on Schedule 13D filed with the Securities and Exchange Commission (the "SEC") on March 28, 2022, as amended by Amendment No. 1 to Schedule 13D filed with the SEC on April 26, 2022, Amendment No. 2 to Schedule 13D filed with the SEC on August 12, 2022, Amendment No. 3 to Schedule 13D filed with the SEC on August 24, 2022, Amendment No. 4 to Schedule 13D filed with the SEC on June 14, 2023, Amendment No. 5 to Schedule 13D filed with the SEC on July 14, 2023, and Amendment No. 6 to Schedule 13D filed with the SEC on August 15, 2024 (together with this Amendment No. 7, this "statement") relating to the Common Stock of the Company, the principal executive offices of which are located at 224 Airport Parkway, Suite 550, San Jose, California 95110. Only those items that are hereby reported are amended; all other items reported in the original Schedule 13D, as amended, remain unchanged. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable. Capitalized terms not defined in this Amendment have the meanings ascribed to them in the original Schedule 13D, as amended. | ||
| Item 3. | Source and Amount of Funds or Other Consideration | |
Item 3 of the original Schedule 13D, as amended, is hereby amended to add the following language:On January 3, 2025, the reporting person exercised (a) a warrant to purchase 114,155 shares of common stock par value $0.01 per share (the "Common Stock") of Quantum Corporation (the "Issuer" or the "Company") (CIK: 0000709283) for $54.20 a share, (b) a warrant to purchase 219,970 shares of Common Stock for $26.00 a share, (c) a warrant to purchase 63,435 shares of Common Stock for $6.20 a share, (d) a warrant to purchase 37,536 shares of Common Stock for $6.20 a share, (e) a warrant to purchase 18,750 shares of Common Stock for $6.20 a share, and (f) a warrant to purchase 224,059 shares of Common Stock for $6.20 a share. The reporting person paid the exercise price for each of these warrants on a cashless basis, resulting in the Company withholding an aggregate of 228,195 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 449,710 shares. For more information on the warrants that were exercised on January 3, 2025, please refer to the Form 8-Ks filed by the Issuer on December 28, 2018, June 17, 2020, June 6, 2023, May 29, 2024, July 12, 2024, and August 15, 2024. The securities are held by certain funds and accounts for which the reporting person serves as investment manager, | ||
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
|
|
|